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JellyDonut

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JellyDonut

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Tuesday, 02/25/2020 4:59:11 AM

Tuesday, February 25, 2020 4:59:11 AM

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BEIJING, Feb 25 (Reuters) - Chinese electric vehicle (EV) maker Nio Inc said it had signed framework agreements with Hefei's city government for a fundraising of more than 10 billion yuan ($1.42 billion) and new car manufacturing facilities.

Nio is in talks with the capital city of Anhui province, where it is building cars with local automaker JAC, to build research centres and car plants. Nio will provide details in the next two months, it said.

Kaboooom! Told you!
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